• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

The different business ownerships are: Sole trade is a business run by individuals to make profit.

Extracts from this document...


Investigating Business Part 2 The different business ownerships are: 1. Sole trade is a business run by individuals to make profit. An advantage of a sole trader is all decisions can be made by yourself, which gives you more control of what happens in the business. Another advantage is, it is simple and cheap to start up and you won't need to borrow large sums of money in order to keep your business successful. ...read more.


Partnership is a business run by more than one person; more one owner usually contributes to the capital to establish the business. An advantage of being in a partnership business is that it may be easier not having the sole responsibility for major decisions, there can be more than one person to help and contribute if needed. Another advantage is that it is less stressful than being a sole trader; partners can cover for illness holidays etc. ...read more.


An advantage is that it is less risky as business successful elsewhere. Another advantage is many franchisers have established name so less advertising needed. A disadvantage is that the owner is not really the boss of their own business because he/she is under the control of there franchisor. It can also be an expensive investment at the start up as well as sharing profits. 4. Public Sectors are organizations/businesses owned by the government that are not expected to make profit. Their objective is to provide a high quality services across the UK. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Business, Companies and Organisation, Activity section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Business, Companies and Organisation, Activity essays

  1. Business Studies

    possible purchase - Consumers will place different degrees of importance on different attributes. Issues that they evaluate : 1. Price 2. product features 3. country of manufacture 4. brand reputation 5. value for money 6. after sales service Purchase decision: - Will often purchase products they have previously tried Post purchase behaviour: - Important!

  2. Business Studies(Setting up your own business)

    would keep all of the profits and the business would not collapse because no disagreements could occur. I also have enough capital to keep the business running and therefore I do not need any help with money. The final reason I would do this is because I would not have to complete many legal requirements.

  1. English for business

    8.No, this is his first visit; he has never been here before. a.Did you have a good flight? b.Who would you like to see? c.Who did you speak to last time you came? d.Who recommended this particular hotel to you?

  2. Applied Business Unit 1

    to 571.9m.The supermarket giant has faced fierce competition from a revived Sainsbury's, as well as the continued supremacy of Tesco. Asda's market share is now 16.6 per cent. It is focusing on investing their profits in the near future, improving on fresh food, expanding the premium and organic ranges and extending the George clothing brand.

  1. Business Plan. After putting a lot of thought into what kind of business we ...

    There are two types of objectives, short term and long term. Short term objectives normally last for about 12 months, whereas long term objectives last for up to 5 years. The important of short term objectives is that it leads the business in the right direction so in the future it can achieve its long term objectives.

  2. Is it a sound business decision to locate a Coffee Republic franchise in Finchley ...

    I also had to collect various types of secondary data to help me with my decision. This secondary data focused on external factors such as the demography of the area. Secondary data is data that has already been collected for a different purpose by someone else, which I will use to help me with this coursework.

  1. Competitive business

    McDonald is one of the worlds most known and valuable brands and holds a leading share in the globally branded quick service restaurant segment of informal eating out market in virtually every country in which they operate. McDonald serves the world its favourite foods consisting of French Fries, Big Mac,

  2. Choose a vacant local business site. Make recommendations on how it may be developed ...

    * Would the business setting up in each site be capable of making changes or improvements to the area immediately outside? * How important would the role of the physical appearance of the business premises be to the financial success of the business itself?

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work